Angel One rises on reporting 46% growth in client base in July

Angel One is currently trading at Rs. 1513.15, up by 9.65 points or 0.64% from its previous closing of Rs. 1503.50 on the BSE.

The scrip opened at Rs. 1537.95 and has touched a high and low of Rs. 1537.95 and Rs. 1506.45 respectively. So far 3623 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1803.35 on 13-Jul-2023 and a 52 week low of Rs. 1000.00 on 01-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1569.05 and Rs. 1460.10 respectively. The current market cap of the company is Rs. 12704.53 crore.

The promoters holding in the company stood at 38.30%, while Institutions and Non-Institutions held 27.29% and 34.42% respectively.

Angel One has reported 45.5% growth in client base to 15.65 million in July 2023 as against 10.75 million recorded in July 2022. The company’s client base rose by 3.9% month on month (MoM) from 15.06 million clients in June 2023.

Its overall average daily turnover (ADTO) stood at Rs 2815300 crore in July 2023 as against to Rs 1031200 crore in July 2022, i.e. up by 173.0%. Average daily turnover from F&O segment stood at Rs 2773600 crore, in July 2023. Cash segment’s ADTO was at Rs 4300 crore in same period.

The company’s retail turnover market share in overall equity segment stood at 26.0% in July 2023 as against to 22.0% in July 2022 and 25.8% in June 2023. F&O market share stood at 26.0% in July 2023. The company’s retail turnover market share in Cash segment and commodity segment stood at 13.9% and 56.4% respectively in the same month.

Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, AFPL) and financial products distribution to its clients under the brand ‘Angel Broking’.

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